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re: EXXI - hitting new lows everyday
Posted on 10/23/14 at 2:12 pm to Coach Guidry
Posted on 10/23/14 at 2:12 pm to Coach Guidry
quote:
I'm all in on it...but I am in no way a professional. (I pay a guy for this)
I feel good about it.
This stock definitely has everyone's attention because a lot of people are talking about it. However, during lunch with a client yesterday (who works for another shelf E&P), he said they are waiting for EXXI to go belly up. I don't know if he was just saying that as a joke because the stock has tanked so much or if they really feel that way. He would be considered an "industry insider" in my book. I don't know what to think. They are definitely over leveraged and have a TON of P&A liability.
This post was edited on 10/23/14 at 2:14 pm
1
Posted on 10/23/14 at 4:57 pm to Douboy
quote:
e said they are waiting for EXXI to go belly up. I don't know if he was just saying that as a joke because the stock has tanked so much or if they really feel that way. He would be considered an "industry insider" in my book. I don't know what to think. They are definitely over leveraged and have a TON of P&A liability.
That's popular talk in the industry. I think you'll see the mgmt team replaced first.
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